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clearing

(Encyclopedia) clearing, in banking, the periodic settling of bankers' claims against each other, for which local banks establish clearinghouse associations. Clearinghouses are said to have existed…

commodity market

(Encyclopedia) commodity market, organized traders' exchange in which standardized, graded products are bought and sold. Worldwide, there are more than 20 major commodity exchanges and many smaller…

Iran-Iraq War

(Encyclopedia) Iran-Iraq War, 1980–88, protracted military conflict between Iran and Iraq. It officially began on Sept. 22, 1980, with an Iraqi land and air invasion of western Iran, although Iraqi…

Indochina

(Encyclopedia) Indochina, Fr. Indochine, former federation of states, SE Asia. It comprised the French colony of Cochin China and the French protectorates of Tonkin, Annam, Laos, and Cambodia (Cochin…

securities trading

(Encyclopedia) securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds…

Stock Market Goes Decimal

Complicated fractions abandoned in favor of pennies by David Johnson Related Links Stock Market BasicsDow 101Most Active Stocks on the NYSETop Stocks by Market Value Dow Jones Industrial Average…

Can I Use My Money in a Different Country?

Banking abroad There are nearly 200 different currencies in the world, and with both global business and international travel more accessible than ever, understanding exchange rates and how far your…

Obamacare Rebounds After Shaky Roll-out

Millions enroll as website glitches are fixed Related Links Troubled Debut of the Affordable Care Act Biography of Kathleen Sebelius 2014 Current Events…

cricket, sport

(Encyclopedia) cricket, ball-and-bat game played chiefly in Great Britain and the Commonwealth countries. In the early 21st cent., Twenty20, a new version of cricket with a much faster, more…